If your thinking of selling your boat to get a new one like I did.....DON'T

Explain...

It is very hard to get approved, and for me looks like impossible. but I suppose everyone already knew that. I have been within the underwriting guildlines with the few banks and CU I applied with, but they still find a way to kick it out.

It is just frustrating, especially since other people's time is involved. I hate wasting people's time.

Have you tried here?

http://www.offshoreonly.com/forums/i...insurance.html

Thats a real bummer. My buddy just went through the same issue.

Yes.

Sorry to hear. Was it a low credit score or income that is preventing it?

I am honestly just worn out by all this. I sold my Heat because I wanted something better. Now I am at a crossroads of deciding to miss out on a year and just save a ton of cash, or not buying the boat I really want.....

All three scores are in the 700's. With the boat my debt to income ratio is 30%.

Not sure if you want help, or if you are just here to vent. But you may have some options you have not explored.

First- List what state you live in, then others can help with referals.

Seems all the banks have different guidelines, you need to find a boat that works with a bank, or vice versa.



I just got approved through my credit union for $75k, it wasn't easy. The funny thing is she told me she could finance a brand new escalade just on the credit score, wouldn't even need a paycheck stub for that! She said "Cars are easy, boats and houses are tough". They wanted more for this boat loan than my house loan, they even want an IRS 4056T.